The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-07-05
DISBURSEMENTS

Total outstanding and issued. %. 81, 462 q
Reisemed during ,qaartsr.......;.;.;-si0.s 1854 ]!
Balance outstanding now, which
includes all warrants redeemed
By the Trustee during month Of
june and not yet reported, snd
all warrants In hands Of the
- Chairman and not paid out..-...sij, f7e 3
Il You will observe tina. our disburss
h nents have exceeded our receipts iol
y he quarter, which Is Attributable q
n ne fact that the Iecond and third
iuariers are the tine OF the year thai
! % receive but little revenue, except
Iron privileges and back taxes.
Our disbursements have been In.
CURED by the REC NJ payments Of tbs
interest on all our bonded indebted.
ntse, the payment on the completion
Of the iron bridge NJ
Raleigh and about 5000 on
the work nov being done on the
county jail, which vas ordered done
a. the last term Of this couTt.
Notw .thstanding the light receipts
for the quarter, the redemption OF
county warrants hsve far excet ded
my expectations.
In regard to the large amount OF
work ordered 10 be done on the Jail,
am gsd 10 state tina, all Of the work
IL about comp eted, and In first class
style. This work has been directly
under the supervision OF YOU jail 10.
spectDrs, who have devotsd their time
clossly TO this work. They have al.
onsly watched each piece OF work,
aud they have In some instances,
where the work was not done In strict
compliance with the plans and apeoi
fcations, required the contractors TO
do the work over. Mr. O'Donnell, our
courthouse engineer, being a member
Of the committee, has devoted his
whole Tins 10 the work, examining
and inspecting each piece OF work a
Il progressed, and nothing has been
paid for without the approval Of the
Of the inspectors and Endorsed by Mr.,
or runell.
Atthe April term Of this court there
xyag an order made that the chairman
4 6dve all the rooms and ofiices oocu.
>pied by the various county officer.
| Gifted and repaired, also 10 have q
auies toilet room fitted up for lad ~
tnly. have Underworld TO have oil
Ioi the work done In as ntai a manner
for a. little money a. II was possible
10 have done, except the Chancery
and County Court clerks Offices, which
ihoaght bts, to postpone until iall
OF the year.
COUNTY BONDS.
On the 7lh day Of June I give pub
lie nttice In the nowsp ,pers that I
would on the Goth OF June receive
bids for the purchase OF M many coun.
~ bonde As 1e hal funds on hand 10
buy. thG, would I'LL due In lSs9.e0.
Having the money on hand col.
lected for that purpose, felt II my
duty 10 redeem ~ many ~ conld
and ttop the payment OF Interest. The
lowest bid received for bonds falling
due In 1859 was tlI0 which bid I de.
clined 10 Gecspt, pfeiening 10 pay Q
per cent interest You are aware
that at the JanusTy term OF
this court | called your s,ier.
ton 10 the fact that all The bonds is-
sued on Account OF the Memphis and
Raleigh railroad would fall due on the
Let day OF July, 1857, md suggested 10
the court 10 take steps 10 either iund
thoee bonds, or 10 levy tex 10 redeem
them when due, which the court failed
10 do. Nearly all Of said bonds hare
boon presented 10 me In the last few
vys Tor paJ ment could only cay 10
Nv holders tina, no proyisiors hSd
Nep made 10 fund or pty.
N Nlow me 10 call your attention n
= tfact tina, We have fund on hand
Wed and collected for the redemp.
!, ton OF other bonds, which I was anx.
ious 10 do, bu, could not without pay.
Ing a heavy premium on them.
therefore would most respectfully sug.
gest and recommend that the court
make an order that your chairman
and such olhsf members OF the
court a. you may designate au.
thorxing them 10 appropriate said
iund In the redemption Of a. many
OF the Memphis and Ri'e'gh bonds As